The Unit of Account Function of Money Refers to the

question 137

Multiple Choice

The unit of account function of money refers to the

• A) fact that money and income are the same thing.
• B) common denominator of measurement provided by money.
• C) characteristic that all money is intrinsically valuable.
• D) all of the above

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Definitions:

Quantified Universal

A logical statement that asserts that all members of a particular category meet a specific condition.

Open Sentence

A statement or expression containing one or more variables that can produce a truth value only when values are assigned to the variables.

Singular

Refers to something that is unique, individual, or one of a kind.

Open Sentence

A mathematical statement containing one or more variables where its truth value depends on the values assigned to its variables.